Smart Glass Maker’s Investors Get Securities Suit Lead Plaintiff

View Inc. investors who say the company misled them about warranty-cost accrual and internal control failures secured a lead plaintiff for their securities suit in federal court in California.

Investors accuse the Silicon Valley-based smart window glassmaker of failing to tell them it hadn’t properly accrued warranty costs for its product. Stadium Capital LLC will take the lead in guiding the would-be class action against View, the U.S. District Court for the Northern District of California said.

Stadium alleged the greatest losses using a recoverable losses approach, at nearly $57,000. The competing lead plaintiff movant actually gained just over ...